Episode #27

The realities of property management, with Nick Stott

Nick Stott runs an estate and lettings agency, as well as being a property investor himself.

He bought his first property with his student loan whilst at university, remortgaged it, and bought four more properties. When the property bubble burst, Nick began running his own estate agency and now manages 150 rental properties as well as building up his own portfolio.

In this interview, you'll learn:

What to look for in a letting agent

The importance of defining your target tenant market

How landlords can have a better working relationship with their agent

Why it is important for landlords to be responsive

The most common tenant complaint

The most common landlord gripe

Things to be aware of when taking out rent guarantee insurance

What extra challenges housing benefit tenants bring

More about the personal estate agents model

Nick's thoughts on the American realtor sector

Nick's goal for this year

His own property strategy

How he learned to estimate refurb costs

Nick's number one productivity tip

Episode resources

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